telling delegates, we have to go all the way. toila casino resort wants challenge macao. shares jumped 8% in tokyo. follow me on twitter. use the all-important #. rice trading getting underway. a mixed bag, david. a theme. david: theme is waiting for the next big thing. havexactly so fast but we gotten to certain levels of valuation people are starting to worry inc. what will drive the equities. i think what really investors are looking at is in the u.s. and that is something we will be watching very closely short to medium-term because if anything,

if overnight was any guide, it could provide a little bit of a stop here. guess just to show you how uneventful things are, if you look at the 10-year yield, 1.5%. little change. not a lot. moving sideways across. equity space, as rishaad pointed out, is mixed. put it together, it is as flat as you can get. now.e at zero right regional benchmark volumes light, especially in chinese markets. hong kong, chinese mainland, down 7/10 of 1%. in the epic space, movement. currencies.at

kiwi dollar, lower. 70%-70 1% chance overnight swap. moves to cut rate in august so that is being priced in. have a look at the aussie dollar, 1.2% drop. basically, flat. other where we have a little bit of movement strengthening here. following the fixing from the pboc. not the biggest surprise but i mentioned a strong dollar earlier, a strong dollar story overnight. level judging7% by this move that surprised some people. isething you want to watch how do the central banks and policymakers control property market to prevent it from overheating as they prepare to further.es down

70%-70 1% chance. move nexter 50% month. should be interesting to watch. macro totals. that is a lot of things i just said for what rishaad i guess said was an uneventful day across market shares. rishaad: britain's station shouldn't to leave the european union likely to drive down growth not just in britain but around the world. looking at the new figures, what does it have to say about japan and the ends strength. -- the yen's strength? >> down from 0.5. downplayed the need for a week or yen saying intervention was not necessary. you have seen some currency

but said itecently would be challenging to reach the inflation target and japan needs to use its available tools. to achieve higher growth. interestingly, they pointed out wages and said attention to the wage-setting growth or income policy might be useful. the chief economist talks about helicopter money. metaphor butlorful i think it obscures the real problem, which is that conventional monetary policy has been bearing pretty much the entire burden of maintaining price expectations and supporting economic activity. othert enough help from government policies, for example structural policies or fiscal policies. overall globally, the local caused in there because of

ofxit creates in overlay risk in the world economy. 2.1% down from 2.2%, next is slightly better 2.4% from 2.5%. to 2.8%rowth could fall so it is important to maintain confidence of the situation could worsen of the confidence level falters. before brexit, planning more but because of the recession in brazil and russia not coming out is badly, of course china also performing better as a expect it. better: china performing than anticipated right here. and howely did the imf closely are the imf monitoring ae bad loans that represent terrific thread? >> the imf did mention it. it does need to step up its

efforts on credit issues. bloomberg spoke to the imf what --ere and this is deputy director of this is what he said. >> you have a big balancing task ahead and the growth is in a .ense punting on this score it is a.m. issue that will have to be addressed in the future, we may have to tolerate somewhat slower growth to ensure credit growth becomes more sustainable. china isf also said supporting state-owned enterprises at the expense of five at firms but nonetheless they said stimulus measures have improved china's outlook and revised up china's growth forecast for the year by 0.1 percentage points up to 6.6 percentage points overall. the brexit is seen as rooted on two largest

economies. 2.2% for the united states. rishaad: thinking about cleveland, ohio, donald trump juniors speaking. his youngest daughter as well as tiffany trump on the virtues of the father. expecting that. junior will continue the same thing. donald trump junior: to be able to put him over the top earlier today. unrelenting determination is why he is going to become our next president and why i know that when my father said he can he means it.ry, you want to know what kind of president he will be? let me tell you how he ran his businesses and i know because i was there with him, by his side, on job sites, and conference rooms only time i could. he did not hide behind a desk in the in executive suite, he spent his career with regular

americans. he hung out with the guys on construction sites boring sheetrock and hanging -- pouring concrete and hanging sheetrock. handstened to them a valued their opinions as much and often more than the guys from harvard and wortham walked away from the real work. he has recognized the talent and drive all americans have. people used on their character, streetsmarts. rishaad: donald trump junior there, product being able to help to get his father over the top. to secure the republican presidential nomination. whether the delegate votes from across that line. speaking to the party convention in cleveland. that was of course trump junior, but donald trump senior did a video saying this is just the beginning. haverump: together we achieved historic results with the largest voter turnout in the history of the republican party.

this is a movement. that we have to go all the way. rishaad: we're going to return to cleveland now. the gop convention. we have had tiffany trump, a stallingp junior, their fathers virtues. how is it being seen? >> it is an emotional, dramatic night tonight on the second night of the republican convention. this was supposed to be a night focused on american employment, make america look again. but it is nothing like that, with heard nothing about economy and and employment. they are operating on two fronts. the convention did formally nominate donald trump and his running mate mike pence. they dispensed the nominee by two of his children and on the other hand, a robust taking-down

of hillary clinton by governor chris christie of new jersey who once wanted to be the presidential nominee himself with then had hoped to be donald trump's vice presidential nominee and got none of the above but it is a major speech the crowd, a former prosecutor, attorney, led the crowd in a chant of guilty, guilty, over and over again as he even a serrated or foreign-policy record and big crowd shouted, lock her up lock her up. tremendouslyl a divisive candidate going after hillary clinton and having his children speak on his half in a way his wife was not able to in her brief remarks. she certainly praised him and said he was a good man but his children offered much more personal detail about their experience with him, softening and humanizing his image for the crowd tonight. rishaad: his wife was talking

and of course allegations of plagiarism. called controversy. it has courted controversy. how is that played out? how is that the affected sentiments? >> it is a huge distraction on the final closing hours of the opening night and throughout the day. the convention did not gather until late in the day, so hours time feeding a hand feeding and feeding the controversy. who of was it a film on the part of the campaign was remarkable was the campaign thinking? a they professional enough? beyond the language, the idea of melania trump wrapping herself in michelle obama's words seemed to run counter to the obama -- to the trump message. they don't want this to follow them for the rest of the week, they are hoping that you are hearing now well over take that controversy in the final days of the convention. rishaad: we know who mr.'s

running partner is, what about hillary clinton? >> we should know in a few days, but i do not expect we will hear until the republican convention is over, she is likely to use the coming weekend before her own convention in philadelphia kicks off to make that announcement to get all of the excitement and narrative moving in that direction in to take her running mate into that convention together with her next week so we will know in a matter of days. we believe she has narrowed down the list. we do not know she was made a final decision and although we have an idea of who it will be, on campaign is being very their choice. rishaad: thank you, margaret barrett in cleveland, ohio, at the gop convention. let's have a look at some of the other stories. largest miner.

island of ourrter production fell 7% amid its real program and has forecast flat production. climbing as with much as 17% while prices of top earning materials remain on the tile. capital spending on oil assets billiono about 1.4 dollars this fiscal year in and that is after petroleum output slumped 11% to 56 million barrels of oil a in the trade month and of june. according to bloomberg, prices remain 50% lower than 2011 week. sure is falling in sydney during when state trade. underperforming in and up market. central bank, today says

should add more stimulus to policymaking next week and scrap references to unlimited policy space and achieving 2% inflation target in two years. he says markets will lose trust in central bank if it continues to remain bullish. commenthas declined to on the remarks. the governor said as early as last month having inflation target is important to prove the boj's commitment to the price will. and a meeting ahead of thursday's agm to discuss rolling investment pressure for higher cash bid from a be invest. fund managers have complained the $100 billion offer is less attractive following the plunge in pound. againstency plunge shareholders, columbia center domingo family could get a sweeter deal the another and investors. it is understood among those upset with the terms, the

children's investment fund. the complex to put a deal was deliberately designed to soften the tax hit that would be taken from an all-cash deal. rishaad: later in the program, former pakistani prime minister joining us to discuss everything from security aunt politics to finance and banking. after the imf got the global growth, we take a look at the asian outlook for the rest of the year. this is bloomberg. ♪

rishaad: the international monetary fund has scrapped its plan. growth may be slow but it has not a good. co-head of economic researcher with us now. reporters saying it is another points on the strength.

how does the imf verdict on the global economy and asia bid into that scenario you're playing out? >> the imf still has growth risks of their. they have cut a growth forecasts of this year in next, highlighting risks around brexit. not dramatic but a drag on the world economy. what do asian policymakers do to offset the blow? wait that's is the most likely scenario for most economies in asia but won't do much because they are pushing on the string. rishaad: so why do it? is a little but at the margin. rishaad: glenn stevens has been talking about the efficacy of monetary rates and policy decisions saying it is not like the old days. the economy, economic structure, how has it changed the we have to be more fiscally orientated now? >> monetary policy is lost its punch.

much.ro does not help other countries have a lot of dead so cut interest rates it does not mean credit will accelerate. the option left is fiscal policy. very few countries are determined to do so. you might be one of the first ones expected to unveil a big fiscal stimulus program but we need more of that. policy.more fiscal rishaad: you describe growth as , 6% withentially -- china's pretty good isn't it? >> it is, but remember we bought 6.7% in the second quarter so we masked the stimulus. those enormous surge in credit growth in the first of your, a lot of fiscal impulse coming through. ask yourself, what would've happened to china's growth of the stimulus i'd not come through? in order to maintain a growth, we need to continue stimulus. the private sector in china is not yet taking up the baton from the public sector.

rishaad: it has been crowded out. hashat worried is not it been increased are deterred, it is about confidence, structural reforms. the private sector needs to have some bright aspect they had to start to investigate and and it is lacking at the moment. rishaad: but we talked on china as we are on that subject, we have seen six .7% or there about, what does i do for the economy? do think it is the right step? >> depreciation does not help. it is fairly marginal in the big scheme of things. it is not as if china lacks competitiveness. china is very competitive. the exports are weak but the currency is not going to fix the export side of the economy, the real issue for china is the domestic construction bubble which they need to keep preventing from deflating to quickly through stimulus. that is really the main policy task at the moment. rishaad: at the same policymakers are juggling a lot of walls.

thet is very tricky, it is western analysts pointing a finger and saying you should do faster reforms or this a.m. bad, there are some a juggling the ball been on the social side remember when we talk about structural reforms and demanding the chinese accelerate that, it would demand higher unemployment and that is a difficult to let to bite. rishaad: let's look at the rest of the asia-pacific. a series of countries that might be cutting interest rates, we have already to about whether they work or not. tell us about the ones you think will do better than the others. >> the one thing likely to do better in the coming years are the countries that are less trade-exposed because local thee is not feeling up and ones with low debt because they can accelerate credit growth. the two that stand out in those terms are the europeans and indonesia. that,rkers are telling us the currency is doing well, the equity markets have rallied. those are the countries that

have the biggest scope for improvement. rishaad: and the biggest of for infrastructure improvements on the fiscal side. >> that is right. in the philippines, the new administration has very aggressive plans on fiscal spending. thisre looking to double goal infrastructure spending over the coming year and that will provide a big boost to growth. rishaad: want to worry about chris mark lyons we worry a little bit about the countries with high debt that our export-exposed. malaysia for example with debt ratios high. export dependent. we see growth decelerating. it is one of the reasons why be and am surprisingly cut interest rates last week, to cushion that. and korea, highly export dependent. rishaad: thank you so much for joining us. we're going to take a break. donald trump nomination making headlines. republican presidential candidate now and it is official. kicking up quite a bus on social

media. music

♪ rishaad: donald trump has officially garnered the presidential nomination. trending on, trump twitter and the gop convention. trump himself has tweeted it is a great honor to be nominated by the republicans and of course he is saying his name quote, america first. not surprisingly, the democratic candidate hillary clinton coming through and she has not been too pleasing for donald trump. saying the republican party that form is so hateful you would think donald trump wrote it himself. rishaad: laterally donald trump, but his wife has been accused of plagiarism.

not get to talk about it last night but my little pony seemingly also entering me controversy. >> as we are talking about earlier with margaret, we have seen you know, these concerns that her speech was very much lifted i guess from michelle obama's speech of the immigrant a convention in 2008. a lot of similarities but one republican said in defense of melania trump that these words, i think anybody could've said these words. in fact, twilight sparkle from my little pony said a number of them. now a buzzfeed quiz, who said it? millay now or my little pony. truckloadsiscellanea came through. one from jesse that said -- ariannarumpquotes -- huffington saying, it is not about whether or not it was

plagiarism it is because the trunk camp has not come out and admitted it. rishaad: up next, latest production numbers. looking ahead. in a moment. ♪ [hip hop beat]

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♪ to the couch where you at? ♪ ♪ show me the latest medal count♪ ♪xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverage of the rio olympic games. rishaad: top stories. asia-pacific stocks fell after more than a week of gains. leadings shares are declines with crude holding below $45 a barrel. they are warning that the damage could be worse if confidence falters among investors and companies. should correctan two big lines. they say the boj should add more

stimulus in achieving its 2% inflation target in about two years. he said markets will lose trust in the central bank if it continues to remain bullish. donald trump has promised to go all the way after officially getting the republican presidential nomination. announcement as his home state of new york pushed him over the line. while the nomination was almost guaranteed, antitrust protesters disrupted day one of the convention. japan closing out its morning session. a bit of a mixed bag, david. that negative feeling we had in europe which went over to the fixed to some part. david: we call it headwind. we are talking about earnings and the strong dollar. because it is a fairly uneventful market, i want to update everyone on the latest from pokémon go. these three big companies are

connected to this craze. we start off with lenovo. the company releasing a report that lenovo will be developing a pokémon go light mobile game. they have the technology. we had a note for a couple of days ago that the tango involves phones built to take advantage of augmented reality. we are also getting line set of indonesia. i am not kidding. indonesia is basically banning military and police officers from playing pokémon go. we just had a comment from the security minister of the country that the country, indonesia is monitoring potential security risks from pokémon go. both the military and police are now banned and they continue to watch the risks involved in that. i'm not sure if that sees what

that has to do with the drop we are seeing. drop iny's biggest nintendo shares going back to the year 2000. how did that work when you put together that with all the gains? we have seen a massive run-up that take price-earnings to 230 times. it is a blip. we are still about 60%-70 5% higher than before the launch of the game. we will continue to follow this story. rishaad: let's get over to sydney it still. jordan with a look at the numbers. how do they stack up for what it's the world's biggest miner? badan: let's look at the they missed 55.6 million tons for the quarter. about one million tons less

than expected and that is down 7% from the previous period. it is fourth quarter so we have four-your numbers and we are off about 2% from the previous year's. the bigger story across the other divisions, particularly petroleum production. they are up to 240 million barrels of oil equivalent. that is expect to decline in fiscal year 17. and 210 million. that is down 17%. elsewhere, copper was a beach for bhp as well as metallurgical coal. they are warning that bhp will 175 million dollars worth of impairments from the coal business and you see the impact on the share price. off a little less than 3%, one of the worst performers this

morning. hand, then the other figures are not that bad if you strip out iron ore, yeah? paul: no. petroleum, that looks good, 240 million barrels of oil equivalent. they are flashing back the cap. they are not confident of where things are going to go in the year ahead. rishaad: thank you, paul. let's take a look at iran. where they are looking to return to the global bond market for the first time in 14 years. the country is seeking to finance and economic recovery after the lifting of those international sanctions. the economy minister said that he expects iran to secure a credit rating in the near future, a step that could help attract bond investors. >> right now, the groundwork for issuing bonds in various iranian

debt securities in international markets exist, and i'm certain the situation will also improve in the future. we have something like $45 billion worth of signed agreements with different countries for financing iranian projects. rishaad: now to talk more about the bondits return to markets at noon hong kong and singapore time. 8:00 in dubai. there is a hot new trade in slumping equity markets. stephen engle has more in this. stephen: stock dividends instead of cash dividends. it cuts the pine to smaller pieces. no real benefit to investors. their stake is the same. they have more shares. more companies are using this to boost their liquidity because it tends to be a herd play. if the price comes down, more

people pile in. in the first six months we have seen 239 countries on the shenzhen index to at least double their outstanding shares. the shares are up 20%. risingas been a tide lifts all boats mentalit y. at the same time, the shenzhen composite indexes down 12% over the same period of time. the name of the company -- listed in shenzhen. makes instant pork served in cellophane packets. it is now a pe of 129. rallying since late june. just a few weeks since announcing it will pay three shares for each existing one to existing shareholders. page, thethe

new alloy material has nearly doubled since it is tripling its stock. it is trading at 120 times earnings. companies,ese other did they say they're going to make more money? stephen: they have not forecast any exorbitant increase in profit. rishaad: it is highly speculative, then? stephen: yeah. this is a way for these companies to get more interest in their shares. it works. it is working. retail investors like to have those lower numbers. think itan nature to will go up and attract more investors. smaller companies like this. they are confident that their business can grow fast enough without alluding earnings. i also want to show risk as well. bring up the pork packet maker. it is actually down 15% since

that peak i showed you. at one, down 15 as soon as the shenzhen exchange started questioning it. after that stock route that started in june, there is a lot more regulation and scrutiny of possible stock manipulation. into speculators, and i am not saying that is happening here, but there is a lot more scrutiny of this share price manipulation or perception of it. rishaad: thank you very much indeed. we're going to have a look at manila grabbing the headlines. they are poised to challenge macao as asia's biggest gambling hub. they are opening a new casino that could cost up to $4 billion. this could be an absolutely massive project. has linda: it is big. twice the market

value of -- the man behind it owns almost 70% of the company. his massive investment shows his confidence in the philippine game market. this project likely to lead to more such projects. he is already exploring locations right now. here is what we can expect from the casino resort. 100 meterng tables, dancing water fountain, also an indoor beach. i don't know where you will get the sun. he wants to take chinese gamblers away from a cow and other parts of -- from macau and other parts of asia. he is targeting chinese, japanese, taiwanese. people in the industry say if you look at the gaming industry right now, it is expected to

record it's best performance ever in the second quarter ending june. more gamblers are leaving macau because of china's clamp down on corruption and stricter gaming regulations. improves on all of that. hope to inw does he cover his investments and how soon will that happen? haslinda: he is looking at about two years. is what his partner is saying. they can hold a public sale in 18 months should the expected gravity come in. there will be stiff competition. oh caught him in a level be the third entertainment resort in the city. it will be competing with city of dreams and philippine's richest man. also, soler, and yet another opening inject

2020. talk about betting big on the casinos in minot. rishaad: we hear his opinion on the global price against terror. ♪

rishaad: a quick check on headlines. microsoft gaining in the extended session. we have profits ahead of estimates. it is down to cloud computing revenue. $26.2 billion. it is doubling its earning. the chief executive has been changing over to cloud and productivity services as traditional software sales shrink. right spot as

the company struggles with the strength of the yen. the three largest carriers are poised to report the largest profit in a decade. they have a combined operating income of $8 billion in july. softbank benefiting after they were told by the government to cut. the noble group is set to quit power and natural gas trading by the end of the year. it is down in capital-intensive units. noble has had a turbulent 18 months with the rout in commodity prices and the company's stock falling 45% this year. it had a 65% shave in 2015. the asian development banker's further boosted in pakistan thanks to stronger interest in infrastructure. he has got a new book from

banking to the thorny world of politics. you bring up the conversation about pakistan and people start thinking about terror and terrorism and the inability to do business there. terror is something that has to be addressed. you have survived at least one assassination attempt. ini think because terror subjects like this get a lot of coverage in the press, the perception created is that is all that is what is happening there. the truth is very different. pakistan is a country of almost 200 million people very industrious, very hard-working. the country has done well and as you noted a minute ago, growth is quite strong. rishaad: 4.7% this year. shaukat: very good for a country like this. rishaad: it was a .1%. -- 8.1%. shaukat: the global economy was

different. now the challenges are much more global. you saw the price of commodities , a lot of things happening in the world where the results will be more challenging today. having said that, the key to growth in any developing country is not just doing what you do right, but having a very broad-based and deep structurally involved agenda. if you are in markets and think you can stay still and operate like you have been operating forever, you will -- it will eventually pass you by. in pakistan, when we have strong growth, we had a strong structural reform agenda. agendatime, the reform could be described in three words. economic policy fundamentals. liberalize, deregulate, privatize. i feel it is not the business of government to be in business. we must encourage the private sector. rishaad: you can do all you

like. i just want to cover the economy in a second. you have a neighbor which is the fastest-growing major economy in the world at the moment where there is virtually no trade. you have a border 2000 miles long. india and pakistan don't trade. this is a huge issue. shaukat: trade is left to the private sector in our country and in most countries. there has to be need for the product, policy, pricing, etc.. in many cases, we produce similar products. rishaad: let's say there are trade blocs. shaukat: there is really not. andcan import what you want we have no particular ban on importing from any particular country. pakistan believes in open markets. open trade. of course, there has to be a need to drive trade. if you look at the numbers with india, they have inched up

slowly. there are certain commodities that we get which are very appropriate for us. there are certain commodities that india imports from us that are useful. because of physical proximity, the potential for trade can grow exponentially. there is no policy paradigm as far as i am aware. rishaad: the problem is a geopolitical one and the legacy of 1947 and that is the biggest barrier. let me just say every time there is a reparation, there is a terror attack in india. a few days later, look at what happened to the air base. shaukat: terror attacks are all over. let's not read too much into them. the point is the atmospherics of the relationship are very challenging between india and pakistan. what i found when i was in government that if the two countries really get serious about peace, and we have come

close to that, -- at the time i was in government, president bush share of -- resident the sheriff were in the government. we came close to settling thorny issues but we decided after the indian election, we will close this deal. unfortunately, they lost the election and the congress party one so we had to restart the negotiations. closure, the demand for the products on either side are very much there. even investment can be brought in. rishaad: that is the problem and the biggest thorn in it all is the state of kashmir. shaukat: cashmere is clearly the cornerstone of our relationship. this is an issue that has been there for a while. add, wehat time, may i came very close -- in fact, we

had agreed on the broad parameters of a settlement on kashmir and many friendly countries interlocked in this debate. both india and pakistan decided to go forward, as i just said. we agreed to delay it until the election when the government came back in. we would have signed the deal and moved on, but that did not happen. leadership ong both sides to address this issue and move on. rishaad: we have to take a quick break, but more from the former pakistan prime minister after this.

withad: we are back shaukat aziz. we talked about indian relations. let's move to terrorism again. how much can you lay at the doorstep as to what is going on in pakistan as to what happened in afghanistan and that spreading back into the country? that is not really true. what happens is to get the facts right. peaceful country.

pakistan and afghanistan had no problems. it was open trade, open border, everything. 9/11 changed the atmospherics. before 9/11, when the soviets came into afghanistan. rishaad: you had the majority. -- the mujahedin. shaukat: the majority came later. we were a part of that coalition and we participated in it along with the united states and many other friendly countries. a that process we recruited lot of people from around the world, we meaning the world, to send them as fighters into afghanistan to fight the soviet forces. that eventually succeeded in the soviets withdrew. in a conflict like that, you have to have an entry strategy but more importantly an exit strategy. on howt strategy these people fighting would

change into a normal life, that is how it went wrong. collectively, everyone got it wrong. there was no serious effort on redoing the economy, on creating jobs, on retraining people who went as extremists or freedom fighters, as we call it, and they were left high and dry. that is how you create the mind of the terrorist. rishaad: how you see afghanistan evolving? shaukat: i am an optimist on afghanistan. i think he is a serious person and knows what to do. afghanistan will become a stray bull -- a stable, strong economy if they promote their economy. he is trying to reform. it will not happen in a day. rishaad: islamabad does not want to -- really --t is not

claims beyonds the durand line. shaukat: the durand line issue will probably stay for decades. that is not for pakistan. having a strong, stable, peaceful afghanistan is the best thing that can happen. rishaad: talk about white pakistan is being ignored in the investment community. shaukat: pakistan is getting very attractive flows. we have joined market indexes again. investment is coming in. the country is reforming. private sages -- i've it's as asian is taking place. even on terrorism, we have had progress. the number of events are coming down. i think the army and the government together have done a very good job in difficult circumstances to bring about peace in pakistan. if you see the investment coming in to the markets, as you rightly pointed out, growth is

going to pick up. it is already headed in the right direction. i think the need for reform is a key factor. one other factor, allow me to mention, is this whole new initiative of one belts, one road. that will bring in $46 billion of investment into pakistan. that is many times what we normally get in foreign direct investments. it will go directly into infrastructure. it will be an enabler of growth. it is not just putting up a factory. once you build a highway of connectivity, you get a lot of commercial and industrial activity. rishaad: thank you for your time this morning. aziz. prime minister ♪

angie: it is the middle of the asian trading day. a rare bright spot in this mixed market region of hours. generally, asian stocks are trading near three-month highs. we are live in hong kong and this is "asia edge." i am angie lau. the top stories. beating a retreat. asian stocks fall from near three-month highs as gloom returns to economic outlook.

vows to go all the way to the white house after securing the republican nomination. a $450 million bet on a manila casino resort. it is not the city's high-end eateries that are getting the stars. david: i am keeping my eyes on the market. i will not pretend it is an exciting day across the markets, but you need a break. the rally has been quite intense. we are seeing the complete opposite picture right now. we are fairly mixed. mostly lower. japan, southou see korea, china, to a lesser extent taiwan. asia, look at southeast still managing to receive a decent